Futurewealth: Investing in the Second Great Wave of Technology
The American economy has been turned upside down during the past decade in one of the most tumultuous economic revolutions in world history. The result: the United States has put more distance between itself and its commercial rivals than anyone imagined possible. Annual growth in the U.S. economy matches the size of whole countries. The Dow Jones Industrial Average has reached once-unthinkable heights. Three-quarters of the world's top fifty companies are now American. In FutureWealth , a superbly researched book, the authors provide a startling new way of looking at America's success. The reason for our exceptional performance is the breathtaking pace at which U.S. companies today substitute information for all other resources at their disposal. The authors explore major companies that have substituted information throughout their operations. They also show how the results have been dramatic in those companies' expanded bottom lines and rising stock valuations-- and howinvestors can both learn and profit from the information revolution around us. FutureWealth is a landmark book and a very timely read for investors, managers, and policy makers the world over.
Format:Hardcover
Language:English
ISBN:0312253206
ISBN13:9780312253202
Release Date:March 2000
Publisher:Truman Talley Books
Length:352 Pages
Weight:1.50 lbs.
Dimensions:1.2" x 6.4" x 9.6"
Customer Reviews
4 ratings
Another View of Future Wealth
Published by Thriftbooks.com User , 24 years ago
The central thesis of this book is that the continuously falling cost of information will be the main source of future wealth for individuals and corporations. McInerney and White start by establishing four Laws. First, cheap information allows customers to pay lower prices. Second, as the cost of information falls, computer power shifts from big computers to small ones. Third, value added always flows to the least regulated,and Fourth, the three Laws operate simultaneously. Based on their experience as consultants to corporations, McInerney and White assert that four companies, Charles Schwab, Wal-Mart, Dell Computers, and Cisco Systems, conform precisely to their specifications. They discuss many others as well. Although a lot of information is covered in short chapters, the book is easy to read and it should be of interest to those concerned with wealth creation in the ever changing new economy.
Insightful Predictions
Published by Thriftbooks.com User , 24 years ago
An excellent read. Their blunt candor in this era of obfuscation is refreshing. The insights and predictions certainly provide food for thought.
No future for PC
Published by Thriftbooks.com User , 24 years ago
Good book. The author writes a lot about what is not going to work. But not enough light is shed on the actual future. The book is way off mark in predicting the death of telephones. Are we all going to talk over the net? Worth a read.
seminal !
Published by Thriftbooks.com User , 24 years ago
as a professional securities trader and investor ... finally someone enlightens us to the implications of what is happening in the whole economy as a result of the "new economy"...why the "brand" stocks of several years ago are like death and in fact may be dying ... why middlemen amd manufacturer reps are in deep trouble ... why microsoft is in a panic that may not help it ... every manager of every company should be required reading ... would suggest corporate retreats to discuss topics of book ... just the best book i've read in 20 years
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